Skyscraper Museum

Analysis

Skyscraper Museum is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1996, 30 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Skyscraper Museum reported income of $639k and spending of $663k, spending 104% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $518k to $639k (+23%), an average of +7.3% a year. The sharpest change came in the year to June 2021, when income rose by 34%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Skyscraper Museum sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Childrens Museum of Eau Claire Foundation Inc ($639k), American Society of Ichthyologists and Herpetologists ($639k) and Miracle of Nazareth International Foundation Inc ($639k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $125k (19% of expenses). Other salaries and wages came to $238k. At year end it held assets of $8.8m against liabilities of $52k, net assets of $8.7m. It reported 19 employees.